Insider Buying: TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Purchases 55,000 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 55,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were bought at an average price of $10.51 per share, for a total transaction of $578,050.00. Following the acquisition, the insider now owns 1,624,545 shares in the company, valued at $17,073,967.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Pinetree Capital Ltd. also recently made the following trade(s):

• On Friday, June 28th, Pinetree Capital Ltd. purchased 67,488 shares of TruBridge stock. The shares were bought at an average price of $9.99 per share, for a total transaction of $674,205.12.
• On Wednesday, June 5th, Pinetree Capital Ltd. purchased 14,084 shares of TruBridge stock. The shares were bought at an average price of $9.72 per share, for a total transaction of $136,896.48.
• On Monday, June 3rd, Pinetree Capital Ltd. purchased 2,568 shares of TruBridge stock. The shares were bought at an average price of $9.44 per share, for a total transaction of $24,241.92.
• On Friday, May 10th, Pinetree Capital Ltd. acquired 11,789 shares of TruBridge stock. The stock was acquired at an average price of $8.53 per share, for a total transaction of $100,560.17.

TruBridge Trading Up 0.1 %

Shares of NASDAQ TBRG traded up $0.01 during trading hours on Tuesday, reaching $10.58. The stock had a trading volume of 183,753 shares, compared to its average volume of 205,675. The stock has a market capitalization of $158.81 million, a price-to-earnings ratio of -3.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.93 and a current ratio of 1.95. TruBridge, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $26.73. The business’s 50-day simple moving average is $9.35.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $83.25 million during the quarter, compared to analyst estimates of $82.35 million. TruBridge had a negative net margin of 15.27% and a positive return on equity of 8.44%. On average, equities analysts predict that TruBridge, Inc. will post 0.95 EPS for the current year.

Analysts Set New Price Targets

TBRG has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $24.00 price objective on shares of TruBridge in a report on Wednesday, April 10th. Royal Bank of Canada initiated coverage on TruBridge in a report on Thursday, March 28th. They issued an “outperform” rating and a $13.00 price objective on the stock.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.